eToro runs with the bulls in Spain

10 October 2012 | 1402 views | 0Source: eToro

eToro, the leading social investment network, announced today the official launch of its service in Spain.

eToro OpenBook™ has been fully localized to support Spanish and will enable the already thousands of active Spanish traders and investors on eToro to experience the full benefits and advantages of trading and investing in a social, open and transparent market place.

To kick off the launch eToro has organized for October 10th, 2012 a user and PR conference in Barcelona, Spain to present eToro OpenBook™ to its Spanish user base and the Spanish press. As a special treat eToro has invited a highly ranked local Spanish Guru Trader, also known under the eToro username "Malsolo" (http://openbook.etoro.com/malsolo#/stats/) to attend this conference.

Malsolo will take centre stage at the conference and share his experience of how he transformed from a good trader into a Guru Trader on the eToro investment network with over 5,000 people copying all his trades. At the age of 28, Malsolo is today one of the most successful Gurus on eToro and in terms of clients probably one of the largest investment houses in Spain.

eToro's award-winning CopyTrader™ technology enables users to harness the wisdom of the crowds to form better investment decisions. By quickly identifying top performing traders and investors (Gurus) within the eToro investment network, users are able to copy all the Guru's trading actions directly into their own account and link themselves to the performance of all their copied Gurus.It enables users to easily create their own people-based portfolio of top performing traders, whereas people themselves are now transformed into the traded investment instrument.

"Spain is for us a strategic market, we believe that the success of social trading and investing will quickly spread in the Spanish market after people become aware of the advantages to trade and invest in a truly open and transparent market place," explains Johnathan Assia, CEO and Founder at eToro, "by bringing one of our most successful Gurus face to face with our users we are bridging the gap between the real and online world. Investing is all about trust and keeping everything transparent, like adding a real face to our Gurus, is key to further strengthen the trust with our users."